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How to Motivate Employees?

The employees may be motivated by acknowledging their social needs and recognizing their importance in the organization. Management tries to motivate employees with the hope of getting better work from them. Some of the methods adopted for motivating employees are:- 1. Reducing Working Hours 2. Spiralling Wages 3. Human Relations Training. Some of the techniques adopted for motivating employees are:- [...]

By |2020-11-04T10:39:20+00:00November 4, 2020|Employee Motivation|Comments Off on How to Motivate Employees?

Preparation of Final accounts with Adjustments | Financial Accounting

Preparation of Final accounts with Adjustments! The reporting information will not be accurate unless we take into consideration the adjustment entries. The treatment of various common adjustments such as closing stock, outstanding expenses, accrued incomes, prepaid expenses, incomes received in advance, bad debts, reserve for bad and doubtful debts, reserve for discount on debtors, reserve for discount on creditors, interest [...]

By |2018-08-01T10:47:23+00:00August 1, 2018|Final Accounts|Comments Off on Preparation of Final accounts with Adjustments | Financial Accounting

How to Prepare Income Statement of Manufacturing Business? | Financial Accounting

It is necessary to learn how to prepare income statement for manufacturing business. In a manufacturing business enterprise, there is a need to prepare a manufacturing account, statement of production or a cost sheet, before proceeding ahead to prepare the income statement. In fact, the income statement literally remains the same except that the cost of goods manufactured is transferred [...]

By |2018-08-01T10:47:23+00:00August 1, 2018|Income Statement|Comments Off on How to Prepare Income Statement of Manufacturing Business? | Financial Accounting
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